And it's likely we'll see more widespread adoption of implantable technologies emerge before As collecting, managing, and understanding data becomes easier, governments may move away from old methods of collecting information and begin to rely more on big data technologies to automate programs. According to the report, this is going to happen sooner than later.
Some countries, including Canada, have already began experimenting with pulling back on traditional census methods; however, no country has completely replaced the system yet. Interacting with the world around you will become a lot different when connected glasses become more common. The technology will allow wearers to have direct access to internet applications optimized for an enhanced or augmented reality experience. Eye-tracking technology will also let them to control the interface hands-free.
Google, of course, already introduced similar technology with Google Glass and is currently working on connected contact lenses. More people will gain a digital identity as internet connectivity becomes more prevalent. According to the report "digital life is becoming inextricably linked with a person's physical life," and will only continue to grow in importance.
Companies like Facebook and Google are pushing this effort ahead with various projects to connect remote parts of the world to the internet. Digital currencies, like Bitcoin, use a mechanism called the blockchain to perform transactions. The blockchain is essentially a shared public ledger that everyone can inspect and no single person controls. Those using the system keep it up to date to continuously keep track of transactions. The blockchain technology, though, holds promise beyond Bitcoin.
Some have proposed using the technology for public databases, like titles to land or other goods. According to recent article from the Economist , the NASDAQ is even about to start using the technology to record trading in securities of private companies. Blockchain technology is expected to reach its tipping point in the next few years, and by , it's predicted that the first government will collect taxes using the technology. Around the world people are increasingly using their smartphones more than PCs, and in developing nations people are becoming connected to the internet for the first time via their mobile phone.
As smartphones gain computing power and the price continues to fall, the speed of adoption will only accelerate.
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Tech giants like Google and Facebook are currently coming up with creative solutions to connect the remaining 4 billion people who don't have access to the internet. Facebook's Internet. Doctors have already used 3D printing to create part of a patient's rib cage and other bone implants. But bioprinting, which combines bioengineering with 3D printing, will also enable researchers and others in the healthcare industry to grow usable artificial organs.
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As more sensors are deployed and more products become connected to the internet, we will see a big shift in internet traffic. Currently, most of the internet traffic in home is for personal consumption, whether it be for communication or entertainment. But by , about half of the internet in the home will be used for home automation purposes.
But as the printers become less expensive, more powerful, and easier to use, consumers will also increasingly adopt the technology. This will enable them to print things at home on demand. Demand for the technology has already grown more than it was expected. AI will increasingly replace a range of jobs performed by people today, including white collar jobs. Because artificial intelligence is so effective when it comes to matching patterns and automating processes, it's well suited to perform many tasks in large organizations, according to the report.
But it's not only low-income, low-skill workers that will be at risk.
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According to the McKinsey research, "even the highest-paid occupations in the economy, such as financial managers, physicians, and senior executives, including CEOs, have a significant amount of activity that can be automated. The sharing economy has taken off in a big way over the last few years thanks to online marketplaces and mobile apps. But perhaps the best example of the sharing economy in action is in the transportation sector. Services like Uber, Lyft, and Zipcar have changed how people think about transportation and car ownership. It's also forced auto manufacturers to rethink their business models.
Autonomous cars have the potential to dramatically increase safety, decrease emissions, and change models of transportation. Tech companies like Google and Uber, as well as traditional automakers like Toyota, General Motors, and Volkswagen, are all currently working on self-driving cars. Artificial intelligence will increasingly play a more important role in the business world as a decision making tool.
Because AI can learn from previous situations, it can provide insight and automate complex decision process based on data and past experiences. This means that robots won't just replace low-wage, low-income jobs. As AI and robotics evolve, we will see more white-collar jobs also begin to be replaced. According to the survey, the technology will get so advanced that the first AI machine will become part of a corporate board of directors by And the insights derived from big data will impact mankind to the point of pushing human evolution along new and unexpected paths.
Australian Financial Review
Simply put, we will shift from organ donors to data donors. While robotics is nothing new to medicine, the combination of AI and functionality will push the use of robots to a new and expanded role. Some will take a human-like form and provide a traditional substitution. While other robotic technology will be much less human, it will nevertheless provide services that were once the domain of a carbon life form. An example is the pharmacy, where dispensing, inventory, and quality control can be largely performed by robotic technology.
The code that drives our computers is similar to the genetic code that manifests life. The advances in genomic analysis and manipulation, CRISPR, and immuno-oncology are two examples of fundamental technologies that are changing the game. Even the price for full analysis is falling off the cliff to just hundreds of dollars for a complete genome. And as utility expands, the cost will push to zero as the information itself gains value beyond its cost of analysis.
From at-home genetic tests to vast genomic-mediated molecular compound screening in drug development, the rise of genomics will help define and shape both medicine and pharma. The promise of life extension and life expansion is firmly connected to the idea of regenerative therapy. From the emergence of the artificial pancreas to stem-cell mediated organ repair and renewal, our bodies will finally get the type of care where we provide essentials—like cars!
When on organ wears out, we can change it—like a tire—and provide new therapeutic options for conditions such as congestive heart failure and type 1 diabetes. The role of 3D printing has taken a foothold. From industry to our homes, a 3D printer is common and almost mundane. In the pharmaceutical industry, this technology is becoming less a novelty and more a significant point of innovation in three areas.
The first is in mechanical printing of fixed structures in areas such as orthopedics and dentistry. Both accuracy and speed are pushing these innovations into the mainstream. The second is personalized drug printing. From unique dosages to customized drug combinations, the days of compounding might be replaced with 3D printers. However, innovations in dosages and combinations still face the scrutiny of drug regulations and approval. The third and perhaps most interesting aspect of 3D printing is bio printing or the printing of living tissue. From organ growth to printed tissue cultures for animal-free drug testing, this area can be truly transformative.
Mechanical stability and human-scale still is difficult, but the integration of various compounds combined with advanced imaged templates offer critical aid for these challenges. The future will continue to put technology in the palm of your hand. The smartphone will be a conduit through which health and medical information will flow for patient and clinician alike. The technological advances and significant investments in artificial and augmented reality make them the logical next step as we move beyond the graphic interface and touch screens to a more immersive reality.
Mixed reality will provide new educational modalities, borderless exchange of live events, such as surgery and hospital rounds, as well as heighten experiential engagements to enhance empathy. The changes are vast and significant. Each has the opportunity to be a Gutenberg moment for pharma and medicine. Yet, today, we stand firmly at the center of the storm of change—a maelstrom of wonder—where this convergence and many synergistic combinations are poised to launch our 21 st century as one of medicine and health. Change, disruption, instability, and the critical social need for change are the forces that will tip the system and deliver a path not unlike the precipitous downward journey of a roller coaster.
When it happens—not if—the joy of the adventure will be matched by the screams of terror. But one thing is for certain; the tipping point of will be the ride of our lives. John Nosta is Founder at NostaLab.